NEXO's liabilities exceed its assets (Emergency Cease and desist) [pdf]

This certainly won’t help collateralize those liabilities.

Tangentially, and for the record, as someone passionate about crypto currency, this type of sunshine into much of what DeFi and tokenized businesses are is a relief. What’s popular in crypto as of the last bull run is not what’s been fundamentally innovative - it is basically just an attempt to saturate what contract chains are capable of.

13. Excluding Nexo Capital's net position in NEXO tokens, Nexo Capital's liabilities would exceed its assets.